BSBSMB401 Establish Legal and Risk Management Requirements of Small Business

Provide a written report – answering all the following questions, providing references where relevant.

1. Referring to the type of business the Boyd’s own explain what type of ownership structure is available to them, making a recommendation on what would be best for their type of business?

2. Explain what local council is involved in this business case, and what are their requirements for registering and licencing this type of business?

3. What tax and accounting requirements might the Boyd’s be subject to in their business and with their number of employees?

4. What advice did Shareena have in relation to branding and protection for her business, and what else can she do to protect her brand?

5. Who might Shareena set up a Customer Engagement Letter/Contract with in her business?

6. What advice did Shareena have in relation to policies and what type of policies would be relevant for her type of business to mitigate her business risks?